St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1887-03-26
w. G. kENTZEL, Editor
amount operated through their aeeounts.

I, amount operated through their ae.ounts.
There were 1892 current accounts open
at Paris and the branches, with a sum
Of f2l. .724,OO0 standing to their credit
at the end Of the year. Omitting the
balances due to the treasury. the fluc-
tuatiOns Of the total balance due on
these accounts are given as regards
their limits. On the 10th Of April. 1885.
the maximum amount due by the bank
was E2O. .3O4, 900; and the minimum
amount on the 28th Of February was
Ell. .556. .OOO-being \ difference of e.
74s,OOO. The total operations in the
year amounted to El92. 9s3. .O92-being
less than the operations OF 1884 by
ESQ. .658, $50. The returns from the
clearinghouse in London have revealed
the same features. While the volume
OF trade as a whole has not diminished,
the money values have shown per-
ceptible decrease. These effects are due
to the fall in prices in France no less
than in England. We feel curious to
know whether the operations Of the
Bank OF England would excel those Of
its sister bank. Out Of the total opera
tions already gwen. EGG. 755. $50 are
accounted for by the operations con-
Quoted gratuitously for the public treas
ury.
The report congratulate> the share
holders on the increase Of the metallic
reserves in two years Of fl2. 2.OOO. 900. Of
which the greater part was gold. This
is not to be wondered at, seeing that
silver has fallen in value so rapidly and
to SO great an extent. When silver
was worth five shillings an ounce.
the holding Of the Bank of France was
no anxiety; but now that silver has
fallen to three shillings and ninepence
an ounce, the amount Of its metallic
reserve in silver is not worth so much
by about one-fourth as the sum stated.
Thus. out Of fS9. So. 900 gold and silver
held by the bank, little less than half
(f4S.344.OOO) was in silver. Deducting
one-fourth. the value of the silver may
he put at about f3S. 900. 900.
There is nothing more curious in the
whole statement than the particulars Of
the commercial bills and paper" dis
counted. The amount reached ESQ.,
OO4. .S68-made up by l,66O. $50 bills:
making an average Of ESQ for the bills.
with an average Of nearly 32 days to
run. The large number of lO3. .66i bills.
for Is, jSS. 92i. were refused discount
a large portion on account Of irregular
tiles Of form, and the remainder for
want Of confidence. In Paris, alone.
5.Ol7, ,9O4 bills. amounting to El58. .832.-
892, were admitted to discount; Of these,
IA. LOG bills were Of the amount Of IS.
i'd. and below; 656. $50 were from 9s.
I'd. to e.; 9l9.75S were from e.. Os.
lOd. to E4: and ). 427 ,O65 were above e..
These figures are an indication Of the
trade habits of our neighborS. and show
the services rendered to the retail trade
by the chief bank. An idea Of the inn
mense quantity Of work connected with
these small bills. payable chiefly at the
residences Of the drawee>. can be gath
cred from u paragraph in the statement
giving an account Of the days work on
the 3l>t of October. the heaviest for the
year. 1t included the manipulation of
1879. 272 bills. representing the sum of
E4.S5O. .769-to receive which. applica-
ton had to he made at GO. 7O7 dwellings.
The expense Of large >tatfof collecting
clerks and others to perform these
duties adds a very large proportionate
cost to these documents in addition to
the discount.
The bank makes advances on public
securities, railway securities. and other
securities. The maximum amount at
Paris was on the 18th of january.
and reached 6.jOS. .OOO-thc minimum
on the 25th of March. reaching f5.34s.-
600. At the branches the maximum oc-
Cured on the 18th of July. and was
f6. l52. 900. The minimum was very
nearly concident with the minimum at
Paris. occurring on the 9th Of March.
and amounting to f5.596. 900. The total
operations in advances amounted To
f25, ,O5S. .SO4.
The note circulation is given i'm am
plitied detail, the statement showing the
number of notes in circulation with their
the numbers issued. cam
celled. destroyed, and withdrawn during
the year. On the 18th Of january. 1886.
there were 1S. lS9. .565 notes. amounting
to fl16.O5O. $50. in the hands Of the
public. There are no notes issued higher
than five thousand francs (f2OO) each.
and there were only five Of these in cir
cnlation. The note most in use was
that Of one hundred francs (fD, Of
which there were l2.SlO.675: and the
one least in use is of the denomination
of two hundred francs (fS). There
were only 1924 notes Of two hundred
francs (fs) each; l.2l2 notes Of which
the form was ont Of date: and l64. .O26
notes for five francs (4s.) each in cir
culation. During the year there were
{. $50. 900 notes issued, representing an
amount Of ESl 800. 900; there were can
celled. 6.7ll.6l3 notes. representing an
amount Of f62. .73l. 200. There were
destroyed, 2l. .65S, SOS notes, represent
ing an amount of fl6l. 12S.O32; and
there were withdrawn from circulation.
800. The manufactory Of the
Bank at Biercy produced 1858. 600
notes. Of which more than half were
notes Of fifty francs (f2). The growth
Of the circulation requiring An increased
of notes. fresh buildings